Petrol prices in Pakistan have increased dramatically by 64% in just three months due to the ongoing US-Iran conflict and global oil market instability. The price of petrol has now crossed Rs. 414 per litre, putting a heavy burden on the common man.
Three months ago, in February 2026, petrol was available at around Rs. 252 per litre. The sharp rise is mainly due to increased global oil prices triggered by tensions in the Middle East. Disruptions in the Strait of Hormuz and uncertainty in oil supply have pushed international crude oil rates higher, directly affecting Pakistan’s import bill.
Diesel prices have also seen a major jump during this period. According to experts, Pakistan recorded one of the highest fuel price increases in the entire South Asian region during these three months.
The continuous rise in fuel prices is expected to badly impact inflation. Transport fares, food prices, electricity bills, and almost every daily expense are likely to increase further. Middle and lower-middle-class families are struggling the most as their purchasing power continues to decline.
The government is under pressure to provide some relief in the upcoming budget. However, meeting strict IMF conditions makes it difficult to control fuel prices.
Citizens are hoping for some positive development in US-Iran talks so that global oil prices can come down and bring much-needed relief at local pumps.
